Adalta Capital Management LLC Decreases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Adalta Capital Management LLC cut its stake in Alibaba Group Holding Limited (NYSE:BABA) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,720 shares of the specialty retailer’s stock after selling 1,295 shares during the period. Adalta Capital Management LLC’s holdings in Alibaba Group were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC raised its holdings in shares of Alibaba Group by 21.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after acquiring an additional 27,088 shares during the period. Berkshire Asset Management LLC PA acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC raised its position in shares of Alibaba Group by 131.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after buying an additional 42,446 shares during the period. Bailard Inc. lifted its holdings in Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after acquiring an additional 3,242 shares during the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in Alibaba Group by 18.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer’s stock valued at $22,789,000 after acquiring an additional 42,290 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.8%

BABA opened at $125.15 on Wednesday. The firm has a market cap of $298.85 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The business’s 50 day moving average is $122.84 and its two-hundred day moving average is $107.63. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group’s payout ratio is 13.15%.

Analyst Ratings Changes

A number of analysts recently issued reports on BABA shares. Benchmark cut their price objective on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, May 16th. Mizuho dropped their price target on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Bank of America upped their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $154.21.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.